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This paper considers the relationship between the Coase Theorem as a normative tool of policy analysis and the Preferential Option for the Poor in Catholic Social Thought (CST). After explaining the conceptual foundations of the theorem for the benefit of those who work in CST but have little...
Persistent link: https://www.econbiz.de/10014216783
The economic success of the East Asian countries has inspired many scholars and policy makers to study the background of their rapid growth. Since there are many versions of capitalism, there is a debate over which model is the best answer for people needs. This debate is still open. In the...
Persistent link: https://www.econbiz.de/10014139332
positive assessment of political decisionmaking in a federalist democracy with an independent common law federal judiciary, and …
Persistent link: https://www.econbiz.de/10014058485
Selfish utilitarianism, neo-classical economics, the directive of short-term income maximization, and the decision tool of cost-benefit analysis fail to protect our species from the significant risks of too much consumption, pollution, or population. For a longer-term survival, humanity needs to...
Persistent link: https://www.econbiz.de/10012969820
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
Persistent link: https://www.econbiz.de/10014023678
Based on the concept promoted by Paul Krugman – “new economy of inequality” – inequality is a process that should and can be viewed from an interdisciplinary perspective. Political life, how to regulate tax matter, the way the economy is thought offers different views on inequality. The...
Persistent link: https://www.econbiz.de/10013142136
Written for the Chapman Law Review Symposium on “What Can Law & Economics Teach Us About the Corporate Social … Responsibility Debate?,” this Article applies the lessons of public choice theory to examine corporate social responsibility. The … resources, those groups will invest in the creation of law.This Article pays special attention to a broad definition of rent …
Persistent link: https://www.econbiz.de/10013062441
Persistent link: https://www.econbiz.de/10003896166
microeconomic theory, the market affinity of economists increased in both cases, but their sensitivity persisted. Surprisingly, it …
Persistent link: https://www.econbiz.de/10010379898
Persistent link: https://www.econbiz.de/10003790279